Pivot3 3Q12 Revenues Exceeds FY11

Commenting on its
momentum and its customer base, Pivot3,
Inc.
announced that its 2012 third quarter year-to-date revenues exceeded
those of its full 2011 fiscal year, and that it is on its way to
doubling prior year revenues.

At the end of Q3
2012, the company had recorded over 370 surveillance transactions,
including wins in gaming, corrections and transportation. Further, it
outlined a series of investments in personnel, resources and
capabilities, aimed at delivering value to more customers across a
range of served markets.

The company is
expanding its customer support and professional service capabilities
to complement the line of integrated storage solutions they deliver
to partners and customers worldwide. Pivot3, which has delivered more
than 7,000 purpose-built appliances into the video surveillance
market to date, is taking steps to help customers meet their business
goals through a range of professional and support services.

"Pivot3
has built an impressive installed base of more than 600 customers.
We’re now focused on taking customer success to the next level
through delivering our innovative converged appliance solutions
combined with new services, tools and processes,"
said Paul Kaeley, VP and GM of Services, Pivot3. "Our
deep understanding of solution requirements allow us to work closely
with key partners and customers to deliver value-added services, such
as technology and solution training, deploymen services, and extended
warranties that help them meet their business goals faster."

Kaeley joined Pivot3
in August of this year, into the created position he now holds.

In moves aimed at
accelerating its growth, the company boosted the strength of its
sales and engineering teams with the appointments of four security
and IT industry veterans, and promoted Curt Wittich to the role of VP
of WW Sales. He will oversee and manage the company’s WW sales and sales engineering teams.

Kevin Brooks has
been named Global Partner and Ecosystem Development manager. He
has experience in the security industry, and has served in various
roles with integration firms, consultancies and manufacturers. He
most recently was business development manager, Physical Security at
Enterasys Networks. Earlier in his career, he held positions with
Pelco and Southwest Surveillance Systems.

Keith Zeber was
appointed director of sales, Western Region. He brings more than
20 years of experience in the enterprise mobility market to Pivot3.
He spearheaded creative go-to-market initiatives while leading sales
teams toward share and revenue gains in leadership positions with
Nova Mobile Systems, Denaliai Advanced Integration, Symbol
Technologies and Intermec Technologies.

Steve Bowcut, the
new regional sales manager, California, has been in the
security industry throughout his career. He most recently served as regional ISS sales manager, at ASSA ABLOY. Prior to that, he held
various strategic sales positions with PCSC, Ultrak (MDI) and
SimplexGrinnell.

Michael Brown,
Southwest Regional dales manager, is a 15-year veteran of
the security and IT industries. He previously served as a regional sales manager for Schneider Electric and NovusEdge.

"Pivot3
is very well positioned to realize our objectives across all of our
served markets,"
said Rich Bravman, CEO, Pivot3. "Our
record results in 2012 are gratifying. More importantly, the new
investments we’re making, and the capabilities they will bring to
both the VDI and surveillance segments, will allow us to better serve
our customers, deliver greater value and flexibility to our partners,
and accelerate our growth in the years ahead."